Inside the presidential pump and discharge that led to the failure of $ 4 billion

After Argentine President Javier Millie supported the MIM coin that was launched on February 14, 2025, the issue of investigations by experts was due to pump fraud. When the insiders quickly sold their shares, they withdrew $ 107 million, causing the value of the coin and wiping more than $ 4 billion from the maximum market within just a few hours. This report will be discussed in how the market interacts, the general feeling of society, and the effects of currency launch. We will also explore the roles of the main characters, the Argentine government, and what may happen after that with the balance of $.

From starting to fraud: Everything about Libra Meme Coin

$ Libra is an encrypted currency created by businessman Hayden Davis, the CEO of Kelsier Ventures, an investment company in encryption. Bloomberg reported that the KIP protocol, a company that focuses on decentralized AI technology, participated in the launch of the balance $.

KIP claims that they joined the launch after the launch to help choose technical projects and support artificial intelligence efforts. The currency works on Solana Blockchain, known as its fast and cheap transactions, which are popular with Meme Coin merchants.

People can buy a distinctive symbol through a web site called VivalibertProject.com, a slogan often used by Milei, which is also called his political party La Libertad Avanza.

He supports the presidency ignites the high prices of meteorites

On the evening of February 14, Argentine President Javier Millie posted on social media that the balance code will enhance Argentina’s economy and support small companies. It has been associated with the distinguished symbol site, and promoting it as a way to finance local companies and projects. It was reported that $ Libra was created immediately before Milei announced and the site field was registered on the same day.

Millie claimed in office that Argentina was attracting global investment. Initially, the price of $ Libra began near zero and was concentrated in a few digital portfolios. After Millie’s support, its price increased to nearly 5 dollars, prompting the market ceiling to more than 4 billion dollars.

However, a warning from the community soon appeared on his post, as he advised users to verify the project before engaging, indicating that it may be a fraud as developers abandon the project after collecting money. Soon after, Miley deleted his position and claimed that he was not fully aware of the details of the project and decided to stop supporting it.

Within a few hours, the value of the distinctive symbol decreased to only cents, and the market ceiling lost more than $ 4.4 billion. According to To Kobeissi’s letter, the insiders began selling $ 87.4 million of scales within the first three hours of its launch, and 82 % of the symbols were controlled by one group without the general disclosure of the distinctive symbol economies.

Hydeen Davis, businessman behind $ Libra, admitted that some profits are maintained despite the decrease in the sharp code.

The president’s gamble was unexpected

Interest between Memecoins retail investors with celebrity support after Memecoin’s official Trump (Trump) was released by US President Donald Trump on January 18. This was closely read by Mim Mimi (Melania) by First Lady Melania Trump on January 19 on the Solana Network, before the President’s opening on January 20.

Despite the admission of the mistake by the president, it continued again in a publication of a leaflet that directs how to purchase the balance of the scale. The support of the MIM coin by the Argentine President himself is very unexpected. The promotion of Mimi randoma by such a high -value character is the worst thing. This step by the president was unusual and indicates his active participation in the fraud.

Al -Mudan fraud also Affected Trump Token, which led to a decrease of $ 500 million in the maximum market.

Argentina officially launches balance investigations

Before collapse, other Blockchain databases have already raised concerns about the project. For example, the Blockchain Bubblemaps analysis company highlighted the problems reached by the distinctive code of Libra, noting that 82 % of the symbols were available to sell them directly from the beginning.

According to a statement issued by the Argentine Presidential Office, The Officina Del Presidente, issued on X on February 16, has asked Milei from the Anti -Corruption Office to investigate himself and all other members of the government for the poor misconduct.

Meanwhile, Milli is under pressure from their political competitors who call for his isolation after supporting the cryptocurrency that led to a $ 100 million fraud.

In his statements and tweets, Miley denied knowing the project in advance. However, these phrases were deleted. In addition, the different stories come from others concerned. Early on Monday, Kip Protocol, an encrypted company and Amnesty International, which previously worked with the Argentine government, issued a detailed statement challenging many claims about its role in launching the scale icon.

The company insists that the CEO of Julian Peh, only met President Miley once on October 19, 2024, and that this meeting did not cover any specific projects, including “VIVA LA LIBRTAD” or any symbolic launches. According to the company, no other employees had meetings with the Argentine president.

The main players are exposed and conspired by $ Libra

After Coin Coin’s chaos, Coffeezilla’s investigative journalist with the connected people entitled 0xcea and its creators. He discovered that Hayden Mark Davis, CEO of Kelsier Ventures, and his father Tom Davis, is known for the Arounkumar Sugadevan.

In an interview, Tom Davis admitted that their group not only made the balance scale, but also manipulated its initial sale to profit from it. They used many portfolio addresses to buy early and have made $ 6 million of these measures.

Trading tactics from the inside

The investigation of the scale fraud process showed that the fraudsters behind the project used their internal knowledge to play the market in their favor. They have used multiple portfolios to buy large quantities of the distinctive symbol quickly, a tactic known as “sniping”.

This includes the purchase of a newly launched unique code once it is released, and ordinary investors often have an opportunity to respond. These first buyers sell their large property after a few hours to obtain a great profit, leaving ordinary investors with losses.

In the scale can, snipers, associated with the title of the portfolio 0xcea, sold more than $ 100 million of the distinctive symbol as its market value reached its climax, as it benefited from the increase and left other investors with reduced assets.

The relationship between Melania and Mimikoen

A joint investigation by Blockchain Analytics Bubblemaps and a wigs on the Stephenisen series, also known as Coffezilla, is evidence that the same group was behind the launch of both the scale and Melania symbols. “After analyzing the transmission and timing processes across the series, we are very confident that this is the case.”

The investigation found that the activities of the portfolio connected between the various projects showed how profits were used from a scheme to finance another by transferring the crossed chain. For example, a major portfolio on the Solana network, which bears the “P5TB4” brand, made more than $ 2.4 million of early trading of Melania’s symbol and then transferred that money to the “0xcea” collapse portfolio directly related to the creative symbol.

Blockchain records show that the 0xcea portfolio moved $ 1.6 million to three Solana governors a few hours before the launch of the balance code is $. After that, I bought this portfolio at a speed of $ 3.77 million in the distinctive symbols and selling them for $ 8.25 million, making a profit of $ 6.65 million.

More analysis indicates that the wallet “0xceae … 06e2” transferred USDC from Avalanche to Solana and condemned payments to Dave Portnoy, indicating that this portfolio can be directly linked to the LIBRA team.

Soon the scale icon, which briefly received the support of Argentine President Javier Millie, reached the maximum dollars in the dollar market before a decrease of 95 % when the informed withdrew 87 million dollars. Likewise, the value of Melania, which was approved by the American first lady in January, increased early, but then, which led to great losses to ordinary investors.

According to Bubblemaps, this group is likely to lead many other symbolic launchers with names such as TRUST, Kacey, Vibes and Hood, all of which follow similar patterns of fast profits followed by sharp declines.

The same snipers follow: from Trump to the scale

New data from Arkham indicates a wide rapid purchase pattern by the same group behind both TROMP and Libra Memecoin launch operations. Blockchain records show that a connected entity entitled 6QS – which has cut more than a million dollars in Trump’s symbols in the first block of its launch – to distribute these symbols to a 5CP portfolio and relevant addresses, and eventually sell Trump for great profits.

Shortly after re -tweeting President Javier Millie, “How to buy the scale”, the address linked to this same network bought $ 5 million of the scale.

This large -sized high -size purchase shows the previous Trump’s strategy, indicating a similar approach to exploiting Memecoin’s launch and support. The researchers say that these repeated tactics of a wide range indicate the systematic manipulation of the market from the inside, which raises fears that individuals behind these deals are publishing pumps and discharge plans through multiple projects.

conclusion

Until the investigation ends, we ask about who is already behind the fraud: Argentina President, KIP, KELSIERE VENTERES, or Hayden Davis?

The scale incident highlights the increasing risks in the Memecoin market. While many investors are attracted to the possibility of rapid returns, the insiders are often the ones who already benefit.

With more frauds, demand for more strict regulation and greater openness in the more urgent Memecoin space. The role of the 0xcea wallet in the scale fraud processes the dark side of the encryption space, where deceptive financial tactics and breach of trust are spread without any checks.